Debts owed by the Banking Company Sample Clauses

Debts owed by the Banking Company. (a) The Banking Company does not have outstanding any borrowing or Indebtedness (including, without limitation, any indebtedness for money borrowed or raised under any acceptance credit, bond, note, bill of exchange or commercial paper, finance lease, hire purchase Contract, trade bills, forward sale or purchase Contract or conditional sale Contract or other transaction having the commercial effect of a borrowing), except money borrowed from third parties as disclosed in the Accounts for the Financial Year ended on the Accounts Date, and the details of which as at paragraph 14.2(a) (Debts owed by the Banking Company) are set out in the Disclosure Letter. The Banking Company has not received any notice to repay under any Contract relating to any borrowing or indebtedness which is repayable on demand.
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Related to Debts owed by the Banking Company

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